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Figure 8-4 -Refer to Figure 8-4.Assume the Tax Was Levied on the Was

Question 64

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Figure 8-4
Figure 8-4 -Refer to Figure 8-4.Assume the tax was levied on the producer.Which area represents the reduction in consumer surplus A) A B) B + C C) C + E D) D + E
-Refer to Figure 8-4.Assume the tax was levied on the producer.Which area represents the reduction in consumer surplus


A) A
B) B + C
C) C + E
D) D + E

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